Tag Archives: Tax

ONS – bosses see pensions as “just a perk”, “taxation not covenant”.

Posted on April 22, 2025 by henry tapper

  The ONS has produced a revealing chart that the FT has improved. It shows that while employers are putting more into auto-enrolled workplace pensions, they are putting less into Defined Benefit pensions for a number of reasons (none of … Continue reading →

Posted in pensions | Tagged , , , , , , | 3 Comments

Is People’s now a “fully agile internal manager” of our savings?

Posted on February 7, 2025 by henry tapper

Toby Nangle is a good guy, he comes from the investment community and he’s trying to turn People’s Partnership and other savings organisations into the kind of investment houses that make for happy Chancellors. This report is from Pension Age … Continue reading →

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , , , , | 1 Comment

Ten years on and the DB to DC transfer turns sour.

Posted on February 1, 2025 by henry tapper

In 2016 I started writing about transferring pensions to wealth management firms including old fashioned personal pensions but mainly self invested personal pensions. There were some smart people arguing that taking a transfer value back then was good news personally … Continue reading →

Posted in pensions | Tagged , , , , , , , , , , | 4 Comments

Taxing work is no way to manage pensions

Posted on October 29, 2024 by henry tapper

I am  of the opinion that the British pension system is unfairly rewarding the wealthy boomer and depriving younger generations of the our financial opportunities. Taxing work through higher national insurance is no way to improve pensions It will; Reduce … Continue reading →

Posted in pensions | Tagged | Leave a comment

Lord Blunkett’s letter on taxing pension contributions

Posted on October 25, 2024 by henry tapper

This is what Lord Blunkett wrote and the Times published yesterday Sir, The widespread reporting of a possible extension of employers’ national insurance in next week’s budget is very worrying (news, Oct 23 & 24). It is one thing to … Continue reading →

Posted in pensions | Tagged , , | Leave a comment

Beware HMRC! You may need to CERTIFY before you draw your pension cash

Posted on May 4, 2024 by henry tapper

Credit to Jo Cumbo for alerting us to a difficult issue for those lucky enough to have pension savings that can produce tax-free cash over the tax free cash allowance of £268,275. Credit is due despite the trolling of her … Continue reading →

Posted in pensions | Tagged , , | 2 Comments

Labour’s private equity tax puzzler

Posted on March 16, 2024 by henry tapper

It’s a rich person’s problem how to minimise tax. Private Equity managers are rich and they stay rich by managing their tax affairs, as they are entitled to , by using non-dom tax concessions and having their revenue taxed as … Continue reading →

Posted in pensions | Tagged , , , , | 2 Comments

Hymans and the horror show of pension tax changes

Posted on December 18, 2023 by henry tapper

Hymans Robertson’s very useful slides for employers who have employees with pension taxation problems The link to the download is here. It surprises me that personal pension taxation is still so hard that Hymans need to provide employers with a … Continue reading →

Posted in pensions | Tagged , , , | 2 Comments

Jeremy’s tax bargain on inheritance tax and pensions

Posted on November 19, 2023 by henry tapper

In an interview with the BBC, Mr Hunt refused to rule out a cut to inheritance tax, saying: “The best way that we can reduce the tax burden for everyone is to grow the economy.” If there is one thing … Continue reading →

Posted in pensions | Tagged , , , , , | 1 Comment

Why should we worry if people spend their pensions?

Posted on September 29, 2023 by henry tapper

“It’s extremely worrying that so many more people are withdrawing funds from their pensions and at higher rates,” said Alice Guy, head of pensions and savings at investment platform Interactive Investor – (FT) The news is that we are spending … Continue reading →

Posted in pensions | Tagged , , , , , | Leave a comment